Paglaum Multi-Purpose Cooperative (PMPC)

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Partner Description:

Paglaum Multi-Purpose Cooperative (PMPC) was founded in 1992 by the beneficiaries, parents and staff of the Paglaum Community Development Foundation to address economic and livelihood activities for sustainability. The organization operates in the northwestern provinces of Mindanao and Visayas.

In the local vernacular, “paglaum” means “hope.” The initial foundation is dedicated to child development through a holistic approach. The goal is to build self-reliance and expand opportunity so the poorest of the poor can help themselves.

Today, PMPC offers microfinance services throughout the communities it serves, with special attention paid to borrowers with disabilities and other vulnerable groups. It also offers entrepreneurial training to help members get their businesses off the ground.

Becuase it works in many remote communities, PMPC provides access to solar energy so that adults can extend their productivity hours and children can study longer in the evening.

Kiva lenders’ funds are used to help PMPC members start and grow businesses, and also gives the cooperative room to expand its other services, including training, insurance, savings accounts and more.

As of October 2012, the organization had 49,000 members, including 29,000 microfinance group members.

Paglaum Multi-Purpose Cooperative (PMPC)'s Mission Statement

To contribute to the empowerment of its members and community in improving their own lives through the provision of quality cooperative services and programs.

Why Kiva Works With Paglaum Multi-Purpose Cooperative (PMPC)

Kiva lenders’ funding enables PMPC to expand its range of services beyond microcredit. Because it is a cooperative, each member can contribute savings, take out loans and earn profits as the organization increases its reach and profitability.

PMPC serves the rural poor in the Philippines, including the the Subanon tribe -- one of the country’s few remaining indigenous groups. The organization also provides this population with micro-insurance, off-grid solar power, rice harvesting services and sponsorship for children’s savings plans, as well as preschool-to-college education for children from poor families.